Home

Intelligence

Services

Subscriptions

News

About Us

Sign In

 

Document Preview

Asset Purchase Agreement

 

Click "Add to Cart" button to purchase document. 
Documents are emailed immediately after purchase. 
You can also browse documents by
title, category, or company... or click here for help finding documents.

 

Title:

Asset Purchase Agreement

Entities:

Allegheny Energy, Inc.; Banc of America Securities LLC; Cinergy Corp.; Citibank, NA; Citicorp North America, Inc.; Skadden, Arps, Slate, Meagher & Flom LLP

Date:

2005

Size:

238KB total

Price:

$92

ID:

#893634

 

 

► Purchase & Sale ► Purchase ► Asset Purchase Agreements
► Financial
► Utilities ► Electric Utilities
► Services ► Legal

 

 

Start of Preview


 

 

ASSET PURCHASE AGREEMENT

 

BY AND AMONG

 

PSI ENERGY, INC.

 

AND

 

THE CINCINNATI GAS & ELECTRIC COMPANY

 

(AS BUYERS)

 

AND

 

ALLEGHENY ENERGY SUPPLY COMPANY, LLC,

 

ALLEGHENY ENERGY SUPPLY WHEATLAND

 

GENERATING FACILITY, LLC

 

AND

 

LAKE ACQUISITION COMPANY, L.L.C.

 

(AS SELLER PARTIES)

 

 

DATED AS OF MAY 6, 2005

 



 

TABLE OF CONTENTS

 

 

 

 

 

 

 

ARTICLE I DEFINITIONS

 

 

 

 

1.1.

Definitions

 

 

 

 

ARTICLE II PURCHASE AND SALE

 

 

 

 

2.1.

Purchase and Sale

 

2.2.

Excluded Assets

 

2.3.

Assumed Liabilities

 

2.4.

Excluded Liabilities

 

2.5.

Procedures for Acquired Assets Not Transferable

 

 

 

 

ARTICLE III PURCHASE PRICE

 

 

 

 

3.1.

Purchase Price

 

3.2.

Possible Purchase Price Adjustment

 

3.3.

Allocation of Purchase Price

 

3.4.

Proration

 

 

 

 

ARTICLE IV THE CLOSING

 

 

 

 

4.1.

Time and Place of Closing

 

4.2.

Payment of Purchase Price

 

4.3.

Deliveries by the Sellers

 

4.4.

Deliveries by the Buyers

 

 

 

 

ARTICLE V REPRESENTATIONS AND WARRANTIES OF THE SELLER PARTIES

 

 

 

 

5.1.

Organization; Qualification

 

5.2.

Authority Relative to this Agreement

 

5.3.

Capitalization and Other Matters

 

5.4.

Consents and Approvals; No Violation

 

5.5.

Reports

 

5.6.

Absence of Certain Changes or Events; No Undisclosed Liabilities

 

5.7.

Indebtedness of the Sellers

 

5.8.

Real Property and Related Matters

 

5.9.

Insurance

 

5.10.

Environmental Matters

 

5.11.

Labor and Employment Matters

 

5.12.

ERISA; Employee Benefit Plans

 

5.13.

Contracts

 

5.14.

Legal Proceedings

 

5.15.

Compliance with Permits and Laws

 

 

i



 

5.16.

Regulation; Sole Purpose

 

5.17.

Tax Matters

 

5.18.

Related Party Matters

 

5.19.

Assets Other than Real Property Interests

 

5.20.

Intellectual Property

 

5.21.

Due Diligence Materials

 

5.22.

No Knowledge of Certain Conditions

 

5.23.

Disclaimer of Other Representations and Warranties

 

 

 

 

ARTICLE VI REPRESENTATIONS AND WARRANTIES OF THE BUYERS

 

 

 

 

6.1.

Organization

 

6.2.

Authority Relative to this Agreement

 

6.3.

Consents and Approvals; No Violation

 

6.4.

Availability of Funds

 

6.5.

Litigation

 

6.6.

No Knowledge of Certain Conditions

 

6.7.

Due Diligence Investigation and Other Acknowledgements

 

6.8.

Disclaimer of Other Representations and Warranties

 

 

 

 

ARTICLE VII COVENANTS OF THE PARTIES

 

 

 

 

7.1.

Conduct of Business

 

7.2.

Access to Information

 

7.3.

Expenses

 

7.4.

Further Assurances

 

7.5.

Public Statements

 

7.6.

Consents and Approvals; Other Obligations

 

7.7.

Regulatory Approvals

 

7.8.

Fees and Commissions

 

7.9.

Tax Matters

 

7.10.

Employees

 

7.11.

Risk of Loss

 

7.12.

Tax Clearance Certificates

 

7.13.

Non-Use of Allegheny Marks After the Closing

 

7.14.

Insurance

 

7.15.

No Solicitation

 

7.16.

Notifications

 

7.17.

Notice of Allocation of Acquired Assets

 

7.18.

Post-Closing Start-Up

 

7.19.

Waiver of Indiana Responsible Transfer Property Law

 

7.20.

Certain Transmission Matters

 

 

 

 

ARTICLE VIII CONDITIONS

 

 

 

 

8.1.

Conditions to Each Partys Obligations to Effect the Transaction

 

8.2.

Conditions to Obligation of the Buyers

 

 

ii



 

8.3.

Conditions to Obligation of the Seller Parties

 

 

 

 

ARTICLE IX INDEMNIFICATION

 

 

 

 

9.1.

Indemnification